Farmers 'concerned' over rising input costs - survey

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Farmers 'concerned' over rising input costs - survey
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Around 75% of Irish farmers remain deeply concerned about rising input costs, according to the findings of the fifth annual Irish Farm Report.

The report by agri-accounting and advisory firm IFAC says more than half of farmers say the biggest barrier to adopting renewable projects is the level of financial investment required.

The survey of 1,160 farmers was conducted between October and December last year and 10% of those surveyed were female. It also finds 41% of farmers would lease land to a solar or wind project if the opportunity arose and 40% would consider organics. Nearly 70% of farming families have yet to identify a farming successor to start the succession process with the one most often cited by farmers at 27%, being farm viability.

Despite challenges, the survey finds a majority of farmers, 56%, have a positive outlook for the year ahead and 74% are planning to be still farming in 5 years' time.

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